Old Lyme-Phoebe Griffin Noyes Library Assn
- Assets
- $10.7m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Old Lyme, CT
- Founding
- 04/1972
- Data as of
- 06/2021
- EIN
- 23-7209074
Organization Overview
Old Lyme-Phoebe Griffin Noyes Library Assn is located in Old Lyme, CT. The organization was established in 1972. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Old Lyme-Phoebe Griffin Noyes Library Assn employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Old Lyme-Phoebe Griffin Noyes Library Assn is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Old Lyme-Phoebe Griffin Noyes Library Assn generated $1.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $908.1k during the year ending 06/2021. While expenses have increased by 3.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO INSPIRE LIFELONG LEARNING AND DISCOVERY IN A WELCOMING PLACE WITH EXCEPTIONAL RESOURCES, PROGRAMS AND SERVICES. TO BE THE COMMUNITY'S VIBRANT HUB FOR ENGAGEMENT, DISCOVERY AND CREATIVITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1. LIBRARY MATERIALS TO SUPPORT EDUCATION LITERACY.2. LIBRARY PROGRAMS TO SUPPORT EDUCATION LITERACY AND CULTURAL ENRICHMENT.3. STAFFING TO PROVIDE ASSISTANCE WITH EDUCATIONAL AND LITERARY MATERIALS AND RESEARCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katie Huffman Executive Dir. | Officer | 35 | $84,434 |
Kirsten Sicuranza President | OfficerTrustee | 1 | $0 |
Joseph Cipparone Secretary | OfficerTrustee | 1 | $0 |
Thomas Britt Treasurer | OfficerTrustee | 1 | $0 |
Patrick Gringas Vice President | OfficerTrustee | 1 | $0 |
Roger Smith Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $531,934 |
| All other contributions, gifts, grants, and similar amounts not included above | $334,003 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $865,937 |
| Total Program Service Revenue | $10,170 |
| Investment income | $167,787 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $18,633 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,062,527 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $84,434 |
| Compensation of current officers, directors, key employees. | $20,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,514 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,212 |
| Payroll taxes | $32,676 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $15,311 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $19,178 |
| Advertising and promotion | $23,224 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $38,256 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $135,847 |
| Insurance | $16,322 |
| All other expenses | $0 |
| Total functional expenses | $908,071 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,761 |
| Savings and temporary cash investments | $718,639 |
| Pledges and grants receivable | $267,285 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $4,043,447 |
| Investments—publicly traded securities | $5,667,112 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,718,244 |
| Accounts payable and accrued expenses | $115,009 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,788 |
| Total liabilities | $122,797 |
| Net assets without donor restrictions | $8,373,380 |
| Net assets with donor restrictions | $2,222,067 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,718,244 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Old Lyme-Phoebe Griffin Noyes Library Assn has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Marie Louise Escher Family Charitable Foundation Inc Philadelphia, PA PURPOSE: ANNUAL FUND RAISER | $3,000 |
Endowment Analysis
| Beg. Balance | $1,816,227 |
| Ending Balance | $1,816,227 |
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|---|---|---|
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Coordinated Behavioral Care Inc New York, NY | $25,699,878 | $79,934,258 |
Success Academy Charter Schools Inc New York, NY | $162,966,057 | $99,368,525 |
Baker Hall Lackawanna, NY | $43,415,308 | $53,649,609 |
Tiegerman School Glen Cove, NY | $36,938,898 | $36,850,171 |
Proteus Fund Inc Amherst, MA | $47,115,132 | $46,264,432 |
Teach For All Inc New York, NY | $63,275,692 | $50,938,774 |
Lsny Bronx Corporation New York, NY | $9,256,880 | $24,578,698 |
Boston Plastic & Oral Surgery Foundation Inc Boston, MA | $28,248,674 | $23,739,730 |
El Education Inc New York, NY | $28,362,379 | $30,858,452 |
John A Coleman School Yonkers, NY | $5,649,439 | $19,245,814 |
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